If dearness allowance increases from 31 percent to 34%, then the dearness allowance can be given to Rs 6,480 annually for employees with basic salary of Rs 18,000 and Rs 20,484 annually for those with 56,000 salary.
7th Pay Commission: There is great news for central government employees. Modi government can give a big gift before Holi. An announcement to increase the Dearness Allowance can be made on March 16. According to media reports, a big meeting of the Modi cabinet is going to be held on March 16, in which a decision can be taken to increase the dearness allowance by 3%. If this happens, then the total dearness allowance of the employees will be 34% and 20 thousand in salary. You will get the benefit of up to 2.30 lakhs.
According to media reports, after the AICPI data comes, the Modi government can increase the dearness allowance by 3% in March. After the release of the CPI Index by the Ministry of Labor and Employment, there has been a decrease of 0.3 percent in the rating. In December 2021, the figure for All India Consumer Price Index for Industrial Workers (AI CPI-IW) has reached 125.4 and the 12-month index average is 351.33, despite this DA will increase by 3%.
According to media reports, after March 10, the election results will come and the model code of conduct will end, after which the Modi cabinet meeting is to be held on March 16, in such a situation, it is expected that the Modi government will soon be 1 Crore can give the gift of Holi to central employees and dearness allowance (DA Hike) can be increased by 3%. , after which the total dearness allowance will be 34%.
According to media reports, the next dearness allowance will be calculated in July 2022. On increasing the dearness allowance by 34 percent, the salary will increase by Rs 20000, 75000, 90000 and 2.32 lakh according to different levels of employees. Along with the same dearness allowance, arrears for January and February i.e. the entire 2 months can also be given. Accordingly, Rs 38692 will come in their account in the form of arrears (DA Arrear0 i.e. Rs 946-946 will be paid extra with the salary of March. About 48 lakh central employees and 60 lakh pensioners will get the benefit of this.
34% Dearness Allowance-Salary Calculation
- DEARNESS ALLOWANCE IS CALCULATED ON THE BASIC SALARY. ONE FORMULA IS DETERMINED BY THE CONSUMER PRICE INDEX (CONSUMER PRICE INDEX OR CPI).
- PERCENTAGE OF DEARNESS ALLOWANCE = AVERAGE OF CPI FOR THE LAST 12 MONTHS – 115.76. NOW THE NUMBER THAT COMES WILL BE DIVIDED BY 115.76. THE NUMBER OBTAINED IS MULTIPLIED BY 100.
- If dearness allowance increases from 31 percent to 34%, then the dearness allowance can be given to Rs 6,480 annually for employees with basic salary of Rs 18,000 and Rs 20,484 annually for those with 56,000 salary.
- At 34 per cent, the dearness allowance will increase to Rs 6,120 per month. If it is seen in terms of monthly increase, then it will be around Rs 540 (6120-5580).
- If the basic salary of an employee is Rs 30000 per month, then the increase in DA will increase by Rs 900 per month and Rs 10,800 annually.
- The basic salary of an employee with a basic salary of Rs 56,900 will increase by Rs 232,152 according to the basic salary of Rs 19346/month.
- The salary of cabinet secretary level officers will increase by Rs 7500 per month. If the DA of central employees increases by 3%, then the salary will increase by more than Rs 20,000.
- If someone’s salary is Rs 20000, then at the rate of 3 percent, he will increase by Rs 600 in the month. Under this, the maximum basic salary will increase by Rs 1707. If the basic salary is Rs 30,000, then Rs 900 per month and Rs 10,800 will be available annually.
- The maximum basic salary is Rs 2.5 lakh, so there will be a benefit of about Rs 90000 in a year.
(This calculation has been done as an example, which may change. If the employee wants, he can calculate the math according to his salary)
